Read FACTOR’s Glossary of Standard Terms and Business Policies.

Funding & Payments

CMC is divided into two tiers, each with two phases.

Upper Tier – For the first phase of the project, FACTOR will contribute 50% of the total eligible budget, to a maximum of $45,000. Projects may also qualify for a second phase of funding up to $40,000, depending on album sales.

Lower Tier – May apply for multiple projects, but are limited to the $35,000 Phase I funding limit. For the first phase of the project, FACTOR will contribute 50% of the total eligible budget, to a maximum of $35,000. Projects may also qualify for a second phase of funding up to $40,000, depending on album sales.

More Information

Assessment Process

FACTOR staff assess the eligibility of the projects and costs and make a recommendation to the Board of Directors for their approval. Assessment time is six to eight weeks from the date of application.

FACTOR only assesses music companies hoping to be eligible for the Upper Tier of CMC once per year, at the annual review. Music companies that submit their profile for a rating for the first time may be eligible for the Lower Tier at any time during the year. Existing music companies are only eligible to receive a Lower Tier rating following the annual or semi-annual review. See Business Policies: Eligible Music Companies.